BCL blind offer scandal exposed

In what could be Botswana’s biggest transaction scandal, it has emerged that the Botswana government sold the BCL copper and nickel mine in a blind offer for less than 1% of its actual worth.

The BCL mine which currently has an in-situ value of more than US$ 7,7 billion was sold for the bargain basement price of US$ 56 million in what is probably the worst business transaction in Botswana’s history.

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